A net loss of Rs 156 crore in the third quarter ended December 31 was recently reported by Aditya Birla Nuvo, which has interest in telecom, BPO, garments and insurance, against a net profit of Rs 30 crore in the same period last year. There was 17% growth in the net sales to Rs 3,429 crore.
A lower net profit of Rs 219 crore was reported by telecom business, due to a hit by the start up costs in Mumbai and Bihar.